Woofun AI data shows that Bitcoin long-term holder balances have climbed to an all-time high of approximately 16.1 million BTC, indicating continued supply absorption despite price declines. The MVRV ratio has compressed to 1.24, marking the lowest level in nearly three years, while the average cost basis for these holders stands at $48,400 against a current BTC price of $59,000.

This valuation leaves long-term holders with an average profit margin of 24%, narrowing the gap to their cost basis to 19%. Selling indicators remain subdued, suggesting steadfast holding behavior.

However, downside risks emerge if the price breaches the $48,400 cost basis, potentially triggering liquidation among resilient holders, although the MVRV has not yet entered the historical surrender zone.